Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share for the three and nine months ended September 30, 2024 and September 30, 2023:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2024			2023		2024		2023
Net income (loss) attributable to common shareholders	$	(3,379,909	)	$	333,984	$	465,821	$	(4,388,446	)
Basic weighted average shares		10,245,388			5,123,735		8,651,223		4,942,182
Basic income (loss) per share	$	(0.33	)	$	0.07	$	0.05	$	(0.89	)
Diluted weighted average shares		10,245,388			8,066,577		9,613,553		4,942,182
Diluted income (loss) per share	$	(0.33	)	$	0.04	$	0.05	$	(0.89	)

Information Related to Stock Options and Warrants Outstanding

The table below includes information related to stock options and warrants that were outstanding at the end of each respective the three and nine months ended September 30, 2024 and September 30, 2023. For periods in which the Company incurred a net loss, these amounts are not included in weighted average dilutive shares because their impact would be anti-dilutive. For each of the three and nine months ended September 30, 2024, there were approximately 1,019,000 options with a strike price greater than the average

share price for the respective periods, which have been excluded from the weighted average shares because including them would have been antidilutive under the treasury method.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Weighted average stock options		1,607,913		650,436		1,607,580		615,662
Weighted average price of stock options	$	8.00	$	4.64	$	8.00	$	4.64
Weighted average warrants		190,500		2,291,250		974,839		2,084,994
Weighted average price of warrants	$	9.80	$	2.50	$	3.01	$	2.50
Average price of common stock	$	15.74	$	5.52	$	13.84	$	4.56